Quarterly MSB newsletter, Issue 3 (July-Sept. 2012)

Georgia Department of Banking & Finance ~ Non-Depository Financial Institutions Division
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Inside this Issue:
Check Casher 2 License/
Registration Renewal Deadline
FinCEN E-Filing 2 System
Anti-Money 3 Laundering (AML)
Changes in 3 Ownership, Control
or Officers
Upcoming Check 4 Cashing Classes
Establishing and 4 Maintaining a Banking Relationship
Check Casher 5 Activity for the 3rd
Quarter
Check Seller / 7 Money Transmitter Activity for the 3rd
Quarter
Administrative 8 Actions
Upcoming State 8 Holidays
Contact Information 8

Annual License Renewal Check Sellers and Money Transmitters
On October 1, 2012, the Department sent out check seller and money transmitter renewal notices to existing licensees. If you did not receive the login information and online renewal requirements via e-mail, please be sure that your e-mail account does not divert Department e-mail to your spam or junk folder and that you have the correct e -mail address on file with our Department.
You must complete and pay for your renewal online, either by credit card or ACH. If you have a checking account, you can choose the ACH payment option. You will need the bank routing number and your checking account number to pay by ACH.
Completion of the application, associated questionnaire, reporting schedules, and payment for all renewal fees and outstanding examination fees or fines must be done online. However, supporting documentation must be submitted separately using the Cover Sheet for Attachments provided online or with your renewal notice. When supplemental information is not received in a timely manner, renewal prior to license expiration cannot be guaranteed.
Please remember that the surety bond needed for renewal must cover the new license year. The surety bond, the current financial statement, and the audit or annual financial are due December 1st.
Renewals must be completed online by midnight, November 1, 2012, or they are considered late, and the licensee will be assessed a late fee of $300 in addition to the renewal fee. Licensees who do not complete the renewal process by midnight December 31, 2012, will have their licenses expire.
Once the online renewal for a licensee is approved, an e-mail will be sent to the licensee's primary contact directing them to the Department's secure website for retrieving the 2013 license certificate.
For questions regarding the license renewal process, please contact the Department via e-mail at msb@dbf.state.ga.us. Licensees should be sure to include their license number on any communication with the Department. This will allow us to assist you more quickly and efficiently.

"Safeguarding Georgia's Financial Services"

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3rd Quarter 2012

Check Casher License/Registration Renewal Deadline
Licenses/registrations have expired for check cashers who did not complete the online license/registration renewal process by the September 30, 2012 deadline. Licensees/registrants whose licensed expired on September 30, 2012 cannot conduct business as a check casher until a new license/registration is applied for and approved.
LICENSE OR REGISTRATION REINSTATEMENTS
Check cashers who failed to renew their license or registration prior to the September 30th expiration must reapply to have their license or registration reinstated.
This requires the submission of a new license or registration application form and all supporting documents and fees. The application form is the same as for new applicants. Please download the appropriate application form above. When submitting the application to the Department, please indicate "Reinstatement" on the first page of the application form.
Once a reinstatement application is submitted, the licensee or registrant will be contacted by e-mail in the event additional information is required. Reinstatement applications requiring additional information cannot be approved until such additional information is received and approved. All fines and fees must be paid before a check casher reinstatement license or registration is issued.
If you have any questions regarding the reinstatement application process, please e-mail Applications Analyst Susan Nelson at nelson@dbf.state.ga.us.

Financial Crimes Enforcement Network E-Filing System
On February 24, 2012, FinCEN announced that it was adopting a requirement that all financial institutions subject to Bank Secrecy Act (BSA) reporting use electronic filing (E-Filing) for certain FinCEN reports beginning no later than July 1, 2012.
BSA E-Filing, which is provided free of charge, offers streamlined BSA information submission; faster routing of information to law enforcement; greater data security and privacy compared with paper forms; long-term cost savings to institutions, individuals, and the government; and ensures compatibility with future versions of FinCEN reports.
As of July 1, 2012, FinCEN forms must be electronically filed (E-Filed). FinCEN will no longer accept most paper filings, and has allowed extensions and exemptions only in certain circumstances.
For more information about BSA E-Filing, please review the E-Filing Section on FinCEN's website. For technology-related questions specific to E-Filing, please contact the BSA E-Filing Help desk at 1-866-346-9478.

3rd Quarter 2012

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Anti-Money Laundering (AML)
All licensees and registrants who are an MSB by definition under federal law are required under the Bank Secrecy Act (BSA) and Department Rule 80-3-1-.03 to develop and implement an AML compliance program.
Each program must be commensurate with the risks posed by the location, size, nature and volume of the financial services provided by the MSB. An effective program is one designed to prevent the MSB from being used to facilitate money laundering.
Each AML compliance program must be in writing and must:
Incorporate policies, procedures and internal controls reasonably designed to assure compliance with
the Bank Secrecy Act (BSA);
Designate a compliance officer responsible for day-to-day compliance with the BSA and the compliance
program;
Provide education and/or training of appropriate personnel; and Provide for independent review to monitor and maintain an adequate program.
Licensees have repeatedly asked what they can do about training for AML. The Department recommends that licensees review their AML policy and ensure that all owners and employees understand the policy and sign and date a document acknowledging their reading and understanding of the policy. In addition, the Department recommended that licensees read newsletters and information found on its website, the Financial Crimes Enforcement Network's (FinCEN) website and the IRS website. FinCEN has a lot of material on its website that can be used for guidance and internal training of MSB owners and employees.

Changes in Ownership, Control or Officers of Sale of Check or Money Transmitter Licensees
This Department receives letters from companies that state that one officer has retired or resigned and another person is filling that position. When sending this type of notification to the Department, please be sure to also provide the following:
MSB3 Form (Biographical) http://dbf.georgia.gov/forms-existing-check-seller-licensees#CSMSB3, Fingerprint cards (two cards per person) and Funds to process these cards ($37.25 per person). If the individuals are in Georgia, many police stations no
longer process fingerprint cards. Please refer to our website for instructions for using GAPS at: http://dbf.georgia.gov/forms-existing-check-seller-licensees#GAPS
For an actual change in control or change in ownership, there are documents on our website for Sale of Check/ Money Transmitters at: http://dbf.georgia.gov/forms-existing-check-seller-licensees#CIC

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3rd Quarter 2012

Upcoming Check Cashing Classes
Licensees and registrants are subject to examination by the Department at any time. Examiners will verify that the licensee or registrant is complying with applicable laws and regulations and may cite violations in the examination report and assess monetary fines for non-compliance. Do you know what records you are supposed to keep by law or regulation?
Every other month the Department offers a free, introductory class on the MSB rules to all check cashers. Licensees are also welcome to bring their accountants to the class. During examinations, those who have attended the class have stated that the knowledge and information they gained helped prevent violations and avoid the imposition of fines. As a further benefit, the Department provides a certificate of attendance that licensees may use as evidence of training received on BSA and Anti-Money Laundering.
The next check cashing class to be held at the Department's main office is scheduled for Tuesday, November 13, 2012, at 10:00 a.m. Space is limited, so please be sure to make an advance reservation for a seat as soon as possible by emailing Teresa Koeppel at tkoeppel@dbf.state.ga.us
We look forward to seeing you!

Establishing and Maintaining a Banking Relationship
From time to time this Department receives calls from a licensee saying, "My bank is closing my account". Please be aware that every bank makes its own policy regarding its customers. Just like a check casher can refuse to cash someone's check, the bank can refuse to open an account for you. Some banks are requiring businesses to put money, $50,000 or more, into a Certificate of Deposit. If you are required to make such a deposit, please be sure you know how you would get that money back if you stopped being an MSB or sold your store.
Your best action is to have another account at a different bank so that you do not have to scramble if one bank closes your account. How do you get a second account? You go sell yourself to that banker. You gather your documents:
Policies (especially the AML Policy, proof of training and the recent independent review),
Recordkeeping (the MSB registration with FINCEN (if required), records of checks cashed, money
orders sold or money transfers),
Financial statements and possibly some recent bank statements.
Make an appointment and take these documents to the bank with you. Tell the banker about your store and invite him or her to visit your business (they may not have time, but this shows you are available and willing for them to see your operations).

3rd Quarter 2012

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LICENSED AND REGISTERED CHECK CASHERS APPROVED OR REINSTATED DURING THE 3RD QUARTER OF 2012

LIC/ REG# 22252 20628 34955 34956 34957 34958 34976 34984 34985 34986 34954 34987 35098 35122 35146 35162 35163 35176 34876 34734 35209 35243 35245 35254 35121 35210 35252 35253 35275 35251 35299 35348 34816 35300 35277 35393 35244 35378 35465 35466 35483 35495 35448 35510 35531 35532

CODE NAME R Sadguru, LLC L Alpha Payment Solutions, Inc. R Amiri Macon, Inc. L Bajrangiban, Inc. R Lovvorn Road Grocery, Inc. R Patricia Keys R Ramkrishna Enterprise, Inc. R First Consumer Insurance Agency, Inc. L Neat Ways, LLC R Maan Shiya LLC L Herlinda Hinojosa L William Smith R Red Top, LLC L Shorty's Check Cashing, Inc. R M&S Investment of Georgia, Inc. R Dharam Group, LLC R Siya Diya, Inc. R Perez Center Inc. R Shree Jay Krishna Krupa Corporation R Razn LLC R Ishika 1 Inc. L Northside Drive Liquor Store, Inc. R Jay Monica Nayna Corp R Shiv Sunker, Inc. R Luthersville Lucky, Inc. L Sheetal Food, Inc. R Mahi Patel LLC L I-Loan, Inc. L Prabhu 1, Inc. L Kush 1310, Inc. R OSS Business Corporation R Nisha Management, LLC R Sai Co Inc R 7 Hills Grocery, Inc. L A&S USA LLC L Chester L. Gunby R Nalinkant K. Dave R RZ Business LLC R Darshan Enterprises, Inc. L Eben & Suma, Inc. L Blue Ridge Package Store, Inc. R Vahanvati Krupa, LLC L Linda Joyce Richburg R Belle Foods, LLC L Money Services Group, LLC R Brantley Enterprises, LLC

CITY Macon Conyers Macon Cartersville Carrollton Columbus Macon Calhoun Norcross Baxley Gainesville Lawrenceville Temple Eastman Cumming Nicholson Rebecca Trion Tifton Jefferson Dalton Atlanta Valdosta Brunswick Luthersville Warwick Grovetown Marietta Macon Warner Robins Forest Park Moultrie Jesup Columbus Gainesville Milledgeville Tifton Taylorsville Sale City Lawrenceville Gainesville Brunswick Columbus Birmingham Atlanta Milledgeville

ORIGINAL ST APPROVAL REINSTATED GA 01/29/2007 08/06/2012 GA 07/25/2005 09/24/2012 GA 07/02/2012 GA 07/02/2012 GA 07/02/2012 GA 07/05/2012 GA 07/05/2012 GA 07/05/2012 GA 07/05/2012 GA 07/05/2012 GA 07/09/2012 GA 07/11/2012 GA 07/18/2012 GA 07/18/2012 GA 07/18/2012 GA 07/18/2012 GA 07/18/2012 GA 07/18/2012 GA 07/23/2012 GA 07/24/2012 GA 08/01/2012 GA 08/01/2012 GA 08/02/2012 GA 08/03/2012 GA 08/06/2012 GA 08/06/2012 GA 08/06/2012 GA 08/06/2012 GA 08/06/2012 GA 08/08/2012 GA 08/08/2012 GA 08/08/2012 GA 08/09/2012 GA 08/09/2012 GA 08/14/2012 GA 08/14/2012 GA 08/22/2012 GA 08/22/2012 GA 08/22/2012 GA 08/22/2012 GA 08/22/2012 GA 08/22/2012 GA 08/29/2012 AL 08/29/2012 GA 08/30/2012 GA 08/30/2012

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3rd Quarter 2012

LICENSED AND REGISTERED CHECK CASHERS APPROVED OR REINSTATED DURING THE 3RD QUARTER OF 2012

LIC/ REG# 35632 35651 35661 35530 35665 35662 35675 35666 35684 35737 35697

CODE NAME L Fulton Bottle Shop, Inc. L Check Into Cash of Georgia, LLC L Piggly Wiggly Retail Stores, Inc. R Manakamana Sai, Inc. L We In Control, Inc. L National Title Pawn of Tunnel Hill, Inc. L RBC-5, Inc. R Baltazar, Inc. L Hope Financial Services LLC R 42 BP, Inc. L PQV, LLC

TOTAL: 57

CITY Atlanta Dalton Charleston Duluth College Park Tunnel Hill Brooks Dalton Thomasville McDonough Stone Mountain

ORIGINAL ST APPROVAL REINSTATED GA 09/13/2012 GA 09/13/2012 SC 09/17/2012 GA 09/18/2012 GA 09/18/2012 GA 09/19/2012 GA 09/19/2012 GA 09/20/2012 GA 09/24/2012 GA 09/26/2012 GA 09/27/2012

LIC/ REG# 22657 33319 18099 18430 29747 33877 29145 23942 18021 18962 19830 19836 22152 23822 24012 30299 18700 19686

LICENSED AND REGISTERED CHECK CASHERS CLOSED DURING THE 3RD QUARTER OF 2012

CODE NAME LD Swity, Inc. RD Second Chance Rehabilitation Services LLC LD Ye K Kim RD Hari Om, Inc. RD Amin H. Mohamed RD Akshar Holding, Inc. LD Alcovy Jewelry and Pawn, Inc. RD M & S Dobani, Inc. RD Hiren Enterprises, Inc. RD Kim Brothers, Inc. RD H & Y Food Mart, Inc. RD Sang Mu Enterprise, Inc. LD JTS Holdings, LLC RD Blough Tech, Inc. RD Aryaman Ventures, Inc. LD H & H Business Services, LLC RD J's O. K. Grocery, Inc. LD Joon S. Bang

CITY DOUGLASVILLE LaGrange DULUTH MACON Warner Robins Valdosta COVINGTON CUMMING MOULTRIE COLLEGE PARK FOREST PARK WINDER ROSWELL CAIRO LOGANVILLE Tucker COLUMBUS NORCROSS

ST CLOSED REVOKED GA 07/02/2012 GA 07/03/2012 GA 07/05/2012 GA 07/05/2012 GA 07/05/2012 GA 07/09/2012 GA 07/13/2012 GA 07/18/2012 GA 07/19/2012 GA 07/19/2012 GA 07/19/2012 GA 07/19/2012 GA 07/19/2012 GA 07/19/2012 GA 07/19/2012 GA 07/19/2012 GA 07/20/2012 GA 07/20/2012

3rd Quarter 2012

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LICENSED AND REGISTERED CHECK CASHERS CLOSED DURING THE 3RD QUARTER OF 2012

LIC/ REG# 25121 20407 13918 21192 29818 22172 22639 22678 23111 9133 20601 32776 32795 32889 22124 22483 20519 21607 23540 31464 18082 23879 30388 9363 19336 9305

CODE NAME LD Dima, Inc. RD Kim's Package, Inc. RD Forward Thinking Group, Inc. RD Wilkinson Title Pawn, LLC RD Nil & Yashil, Inc. RD Bickley Outdoor Enterprises, Inc. LD Aaron & Suma, LLC LD CW Financial of GA, LLC RD S&R Package Store, Inc. LD Three Star Market, Inc. LD Shop Services, Inc. LD Gyankrupa Inc. RD Mansi Patel, LLC LD Vidhi Enterprises, Inc. RD Swaroop Investments, Inc. RD The H & S Choe Corp. LD Harmadia Walla, LLC RD NSM, Inc. RD Dhrup Corporation RD Jay Jalashish, Inc. RD Anand Investment, Inc. LD Jignasa U. Patel RD Shiva Ganga, LLC LD Covington Check Cashing, Inc. LD Daulat & Sakina Enterprises, LLC RD Billy Ray Cole

TOTAL: 44

CITY COLUMBUS LITHONIA MADISON MILLEDGEVILLE Homerville TALBOTTON LAWRENCEVILLE SILVER SPRING MILLEDGEVILLE SMYRNA ATLANTA Trion Macon Stockbridge GROVETOWN COLUMBUS ELLENWOOD FOREST PARK ROME Columbus MOULTRIE CLAXTON Moultrie COVINGTON GRAYSON LILBURN

ST CLOSED REVOKED GA 07/20/2012 GA 07/23/2012 GA 07/24/2012 GA 07/24/2012 GA 07/25/2012 GA 07/31/2012 GA 07/31/2012 MD 07/31/2012 GA 08/01/2012 GA 08/02/2012 GA 08/02/2012 GA 08/02/2012 GA 08/02/2012 GA 08/02/2012 GA 08/06/2012 GA 08/06/2012 GA 08/07/2012 GA 08/08/2012 GA 08/08/2012 GA 08/10/2012 GA 08/20/2012 GA 08/20/2012 GA 08/20/2012 GA 08/24/2012 GA 08/28/2012 GA 09/24/2012

LICENSED CHECK SELLERS AND MONEY TRANSMITTERS APPROVED DURING THE 3RD QUARTER OF 2012

LIC# 34769 34967

CODE NAME M Square, Inc. S PayPal, Inc.

DBA

CITY San Francisco San Jose

ST APPROVAL CA 08/09/2012 CA 08/09/2012

LICENSED CHECK SELLERS AND MONEY TRANSMITTERS CLOSED DURING THE 3RD QUARTER OF 2012

LIC# CODE NAME

DBA

CITY

ST CLOSED REVOKED

24087 MD Amin H Mohamed Amin Money Transfers WARNER ROBINS GA 07/05/2012

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3rd Quarter 2012

ADMINISTRATIVE ACTIONS
Razn, LLC DBA Fuel Market #2, Jefferson, GA (license# 34734) - Consent Order issued 07/19/2012 became final 07/19/2012.

Holiday Name
Veterans' Day Thanksgiving Day
Christmas Day New Years Day 2013

Upcoming State Holidays
Date Observed
November 12th Monday
November 22nd Thursday Lee's Birthday will be observed on Friday, November 23rd December 25th Tuesday Washington's Birthday will be observed on Monday, Dec. 24th
January 1st Tuesday

Department Contact Information
NAME Teresa Koeppel, Administrative Examiner (Check Sellers/Money Transmitters, MSB Exams)
Susan Nelson, Applications Analyst (Check Cashers)

E-MAIL ADDRESS tkoeppel@dbf.state.ga.us

PHONE# (770) 986-1639

nelson@dbf.state.ga.us

(770) 986-1652

Corresponding with the Department
When corresponding with the Department, e-mail communication is preferred. Providing written details in the email regarding any questions or concerns you may have allows the Department to forward the request to the appropriate person who handles that area, and if sufficient details are included in the request, that person can then more efficiently provide you with an answer. The main Division e-mail address is msb@dbf.state.ga.us.
Since the Department's main method of communicating with licensees/registrants is via e-mail, it is very important that you supply the Department with a valid e-mail address and that you keep us informed if your email address changes. Please be sure that your e-mail account does not divert Department e-mail to your spam or junk folder.

3rd Quarter 2012
Georgia Department of Banking and Finance
2990 Brandywine Road Suite 200
Atlanta, Georgia 30341-5565
Phone: (770) 986-1633 Fax: (770) 986-1655 or 1029 Email: msb@dbf.state.ga.us
We're on the Web! dbf.georgia.gov

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The Department is the state agency that regulates and examines banks, credit unions, and trust companies chartered by the State. The Department also has regulatory and/or licensing authority over mortgage brokers/processors, lenders and loan originators, money service businesses, internaonal banking organizaons, and bank holding companies
conducng business in Georgia.
Our MISSION is to promote safe, sound, compeve financial services in Georgia through innovave, responsive regulaon and supervision.
Our VISION is to be the best financial services industry regulator in the country Progressive. Proacve. Service-Oriented.

Sign-up to Receive this Publication
This quarterly publication is delivered to interested parties via e-mail and is also available from the Department's website at: http://dbf.georgia.gov under Publications, MSB Newsletter. If you would like to be added to our distribution list, send an email to dbfpress@dbf.state.ga.us stating your name and e-mail address. Please be sure to include "Subscribe to MSB Newsletter" in the Subject line.